Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$51,637$51,637$395,100
Remaining term (yrs)3.03.030.0
Secondary amount$0$343,463$0
Funding fee$258$258$0
Note rate3.250%3.250%7.400%
Blended rate3.250%7.162%7.640%
1st payment$1,468.58$1,468.58$2,735.59
2nd payment$0.00$2,218.20$0.00
Taxes / mo$218.75$218.75$218.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,837.33$4,055.53$3,183.36
Cash to close$387,363$43,900$43,900